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Review on Zilliqa by Lauren Richardson
It may be a little too early to herald Zilliqa and its native token called…
It may be a little too early to herald Zilliqa and its native token called Zillings (ZIL) the Ethereum killer. The Zilliqa blockchain is still in its development phase and won't even have a mainnet launch until the third quarter of 2018, presuming the development team meets its roadmap objectives.
Zilliqa, a Singapore based blockchain company, has claimed that its blockchain technology theoretically could match the transaction capacity of Visa. If true, that would put it on a very strong footing to compete with the Ethereum blockchain for decentralised apps and associated token issues.
Pros
- The testnet results are far from clear. Of the 1000 nodes claimed by Zilliqa, it is unknown if these were simulated nodes or a true 1000 nodes that physically exist. In addition to that, no data has been seen to support the validity of its sharding concept which aggregates nodes into pools. Also, that model could lead to fee centralisation even if the project was successful.
Cons
- At present it is safe to say that speculative trading is driving the price of ZIL. The two major exchanges, Binance and Huobi, both have three order books open on Zillings, according to market data released by CoinMarketCap. Together those six order books account for nearly 95% of the total trade in Zillings which is important considering that ZIL is at present an ERC20 token.
